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Balance of power, certainty and discretion in the franchise relationship: An analysis of contractual terms
Spencer, Elizabeth C. - 2008
to in making the contract. Discretion, if it is too wide, may no longer represent the true intentions of the parties, but … franchisees. This section also discusses the allocation of discretion in franchise contracts. Discretion accorded to parties in … conditions. The results presented here also indicate that franchise contracts confer high levels of discretion upon a franchisor …
Persistent link: https://www.econbiz.de/10009441788
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Robust Control and Persistence in New Keynesian Monetary Policy Analysis
Paetz, Michael - 2007
This thesis investigates the consequences of model uncertainty and persistence in consumption habits and price-setting behaviour in a New Keynesian model.As the decision of a central bank is made in an uncertain environment, the analysis of uncertainty is essential in monetary policy models. In...
Persistent link: https://www.econbiz.de/10009449715
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Monetary policy and sovereign debt vulnerability
Nuño, Galo; Thomas, Carlos
economy model where the government issues nominal defaultable debt and chooses fi scal and monetary policy under discretion …
Persistent link: https://www.econbiz.de/10012530474
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Causal Inference with Two-Stage Logistic Regression - Accuracy, Precision, and Application
Cai, Bing - 2010
2SPS and 2SRI for logistic binary outcomes have not been thoroughly studied. We study the bias and variance properties … trial. We first present closed form expressions of asymptotic bias for the causal odds ratio from both 2SPS and 2SRI … approaches. Our closed form bias results show that the 2SPS logistic regression generates asymptotically biased estimates of this …
Persistent link: https://www.econbiz.de/10009439053
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Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions
DeKay, Michael L.; Patiño-Echeverri, Dalia; Fischbeck, … - 2005
alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …
Persistent link: https://www.econbiz.de/10009441242
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Better Safe than Sorry: Precautionary Reasoning and Implied Dominance in Risky Decisions
DeKay, Michael L.; Patino-Echeverri, Dalia; Fischbeck, … - 2008
alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …
Persistent link: https://www.econbiz.de/10009441300
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Open-Access Fishery Models: Relaxing a Constraint and Removing an Econometric Obstacle
Gomersall, C. Nicholas - 1992
Over the past 30 years, a widely accepted model of "open-access" fisheries has been developed, yet empirical tests of the standard model have been relatively few. One difficulty is that fish stocks, the levels of which affect the rate of catch, are not directly observable. Simplifying...
Persistent link: https://www.econbiz.de/10009444643
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The Impacts of Attribute Level Framing and Changing Cost Levels on Choice Experiments Value Estimates
Kragt, Marit Ellen; Bennett, Jeffrey W. - 2010
Choice Experiments (CE) are increasingly used to estimate the values of environmental goods andservices. CE questionnaires represent the environmental good under valuation by varying levels ofnon-market attributes. Inclusion of a cost attribute enables the estimation of monetary values...
Persistent link: https://www.econbiz.de/10009446025
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Bias Reduction and Goodness-of-Fit Tests in Conditional Logistic Regression Models
Sinha, Samiran (contributor); Wang, Suojin (contributor) - 2010
bias preventive approach developed by Firth (1993) to handlethe bias of an estimator of the log-odds ratio parameter in … conditional logistic regression bysolving a modified score equation. The resultant estimator not only reduces bias but alsocan …
Persistent link: https://www.econbiz.de/10009464883
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Choke price bias in choice experiments
Morkbak, Morten Raun; Christensen, Tove; Gyrd-Hansen, Dorte - 2010
This paper reports on the results from a split sample choice experiment, where the effect of changing the maximum level of the cost attribute is investigated. The hypothesis was that changing the maximum price level would either give rise to an income effect or have no effect on consumers'...
Persistent link: https://www.econbiz.de/10009448676